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Policy Title: Acceptance of Payment Card Cost and Risk

APS Functional Area: FINANCE APS Number: 4056
   
Brief Description:
  This policy establishes ultimate authority over payment card activity, assigns responsibility for oversight of campus payment card merchants, and specifies who bears the costs and risks of organizational units accepting card payments.
Effective:
  January 1, 2011
Approved by:
  President Bruce D. Benson
Responsible University Officer:
  Treasury
Responsible Office:
  Office of Vice President and Chief Financial Officer
Policy Contact:
  Assistant Treasurer, 303-837-2185
Supersedes:
  N/A
Last Reviewed/ Updated:
  January 1, 2011
Applies to:
  All organizational units that accept payment card payments across all campuses and system

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Keywords: payment, card, merchants, cost, risk, goods, services, electronic, fraud, cardholder, bank, confidential, PCIDSS, security, debit, atm, visa, mastercard, discover, american express